-By Warner Todd Huston
College textbooks are overpriced and something should be done. Why, Congress should even step in! That is the message that The New York Times wants us to understand and I can’t say it is, in and of itself, entirely the wrong message — save the whole bit about Congress stepping in, of course. But, as is typical of The New York Times, their story is only a small part of the whole story. In their exuberance to shake a finger at book manufacturers and in their hurry to blame capitalism the Times missed the bigger story.
The Times reports that “College students and their families are rightly outraged about the bankrupting costs of textbooks that have nearly tripled since the 1980s.” They also report that a bill is pending in Congress that would “require publishers to sell ‘unbundled’ versions of the books…” This, the Times feels, is the right move to solve the problem. Any first year economics student, however, knows there is far more to it than just slapping more regulations on book publishers.
Still, the Times thinks it has the prescription for what ails our students.
“The bill is a good first step. But colleges and universities will need to embrace new methods of textbook development and distribution if they want to rein in runaway costs. That means using digital textbooks, which can often be presented online free of charge or in hard copies for as little as one-fifth the cost of traditional books. The digital books can also be easily customized and updated.”
The Times gravely assures us that, “Right now, textbook publishers are calling the tune.” Naturally, The NYT acts as if these evil capitalist textbook companies are abusing their status as official providers of books merely to rip-off our students. But the Times doesn’t bother to fill the reader in on the full story. The greater story is far more disgusting than just that of a textbook company taking advantage of our students.
Continue reading “New York Times Attacking Textbook Makers, Veiled Attack on Capitalism”